Mexico’s ambassador to Canada is touting his country’s energy reforms as an opportunity for greater energy security and lower fuel prices throughout North America, but when it comes to attracting foreign direct investment, Canada could be in for some stiff competition.

“As far as investment, I think there will probably be some amount of competition, in that we’ll be demanding investment from everywhere,” Francisco Suárez, Mexico’s ambassador to Canada, said in an interview with Embassy on the heels of his country signing sweeping reforms of its energy sector into law on August 11.